Tuesday 19 January 2016

Kevin Spacey's Wisekey poised to seal deal with GEM

I guess little old Betaville wouldn't be a serious news outlet without at least one Davos-related scoopette on the blogsite.

Well, here is one tale involving the huge hobnobbing event: I understand that Wisekey - which is hosting a Cybersecurity roundtable at Davos tomorrow that includes the likes of Wikipedia founder Jimmy Wales - is on the verge of securing a multi-million pound investment from a New York-based private equity fund called GEM (also known as Global Emerging Markets).

Some readers might not be familiar with Wisekey, who investors include Hollywood actor Kevin Spacey. The Switzerland-based company was founded in 1999 and specialises in providing digital security to corporate clients such as Bulgari, Microsoft and Samsung.

Anyway, well-placed sources say GEM's investment in Wisekey will come as the company looks to press ahead with stock market listing in Switzerland later in the year, so keep an eye on the situation...

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